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Monday June 16, 2008
Market Post: Munis Unch to Slightly Firmer in Morning Trade
The municipal market was unchanged to slightly firmer this morning.
“It’s very quiet,” a trader in New York said. “Brokers are quiet. [Treasury] bonds were higher [this morning], and now they’re easing a bit. The markets made a pretty good adjustment in yield [last week], and people are kind of nonplussed. They’re not overly anxious and not really looking to add to portfolios.”
To read the column in its entirety, go to The Bond Buyer web site.
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Posted by gsiegel [Today's BB Highlights] ( June 16, 2008 10:44 AM ) Permalink | Comments[0]